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Russia exports over 4.2 mln tonnes of wheat in 1Q 2010

23.05.2010 11:33:11

According to data of the Bank of Russia, during the first quarter of 2010, the foreign trade turnover of Russia totaled 138.1 bln USD (144.2% to the first quarter of 2009), including exports - 92.6 bln USD (161.6%), imports - 45.6 bln USD (118.4%).

Russia seeks ways to dispose grain stocks

23.05.2010 11:32:16

Russian budget suffers huge losses because of the surplus of grain the state granaries have to keep, Moscow's business daily Kommersant reported on Wednesday. Prime Minister Vladimir Putin ordered his deputy Victor Zubkov "to think about the very daring ideas" on where to dispose those excessive stocks.

Russia's gross grain harvest to be at 95-97 mln tons in 2010 - ministry

23.05.2010 11:31:04

Experts have forecasted that Russia's gross grain harvest in 2010 will be at the level of 2009, or at about 95-97 million tonnes. In 2009, Russian farmers harvested 97 million tonnes of grain, an official at the Russian Agriculture Ministry reminded on Tuesday.

Russia agriculture ministry to elaborate intervention stock grain use measures.

23.05.2010 11:30:15

Russia's Ministry of Agriculture will elaborate mechanisms to use grain from the country's intervention stock on the domestic market, Russian First Deputy Prime Minister Viktor Zubkov said on Tuesday at a meeting with Prime Minister Vladimir Putin.

Parliament of Kazakhstan adopted a law on state regulation of production and turnover of biofuels

05.05.2010 13:56:23

Today (April 29, 2010) Senate of the Parliament of the Republic of Kazakhstan at the plenary meeting has approved the first reading draft laws "On state regulation of biofuel production and trafficking" and "On introducing amendments and addenda to some legislative acts of the Republic of Kazakhstan on state regulation of production and Traffic in biofuels, "the press service of the upper chamber of parliament of Kazakhstan. 

Tatarstan eyes $1bn biotechnologies program

05.05.2010 13:54:47

Authorities in the republic of Tatarstan have approved a $1bn Tatbioregion program - biotechnologies megaproject, regional officials report. Of the total funding, $100m is reportedly to be assigned from the federal budget, $200m is to be put up by regional authorities and $700m is hoped to be raised from non-budgetary sources

Russia to increase own share in world grain export trading

05.05.2010 13:52:27

In the season-2008/09, grain export volumes from Russia totaled 23 mln tonnes, in the terms of the export potential of 32 mln tonnes. Due to the growth of carry-over stocks, in 2009/10 MY, the index totals nearly 40 mln tonnes.

Strengthening of RUR rates and fall of world grain prices to limit exports of Russian grains

05.05.2010 13:50:25

Due to the strengthening of the exchange rates of the national currency, in March 2010, the short-received income of Russian grain exports totaled 1.35 bln RUB, declared the media department of CJSC Rusagrotrans. In March 2010, grain exports from Russia totaled 1.65 mln tonnes of grains, which demonstrated the growth of 3% compared to the level of February 2010. At the same time, the export volumes decreased compared to grain export volumes in March 2009 (2.16 mln tonnes). As a reminder, during eight months of the current MY (from July 2009 to February 2010), the market showed the continuation of the stable tendency of Russian grain export volumes compared to the same period of 2008/09 MY. The average decrease of the general export volumes of Russian grains did not exceed the level of 2%, at the same time, the general world reduction of grain export rates reached the following indices: in the USA - 24%, the EU-27 - 18%, Ukraine - 7%.

Grain harvest in Russia to exceed level of 100 mln tonnes

05.05.2010 13:48:48

According to estimations of Russian Grain Union, in the terms of favorable weather conditions, in 2010, grain production volumes in the Russian Federation will exceed the level of 100 mln tonnes, declared Arcadiy Zlochevsky, the president of Russian Grain Union, on April 27.

Russia/Ukraine: The grain gang?

05.05.2010 13:47:32

Russia and Ukraine are considering co-operation in the grain market, where both are global players

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